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I went long to catch this latest rally. Made a little bit...But early this
morning I put on my smoking jacket and browsed Nasdaq 100 charts...(You'll
remember that it barely crossed its 1050 resistance on Monday but closed
below it yesterday.)
I'll be content to get out of my long to have cash ready to take advantage
of what looks like an awesome bear...
Steven Buss
Walnut Creek, CA
sbuss@xxxxxxxxxxx
-----Original Message-----
From: Dr C. Roffey <roffey@xxxxxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Tuesday, November 04, 1997 11:42 AM
Subject: Dow
>There is substantial resistance at the 7650 to 7750 level. I do not see the
>Dow breaking above this level. In my analysis we have just completed a
>minor technical reaction and the next phase is down to make new short term
>lows.
>I am still amazed at the number of readers who are long term bullish on
>world markets. Just a glance at their charts and a smattering of Elliott
>top patterns will send the jitters down your spine. We have hit the top of
>the major bull market run which commenced in 1978. You don't correct a 20
>year market in a couple of months. Best of luck to all the bulls.
>Regards Clive Roffey
>PS Can anybody help me to transfer a load of data from MS4 on Win3.1 to MS6
>on Win 95. I have a huge dbase of historical data which is valuable to me.
>Thanks all.
>
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